1824 W 2nd Ave
Spokane WA 99201

5-Unit Apartment Complex

1824 W 2nd Ave Spokane WA 99201

Listing #: 710671 | Status: Available | Last Modified: 3/26/2026 |

For Sale
Ryan Towner
  • Phone:(509) 315-8714
  • Email:ryan@ltrealestateco.com
  • Office Name:LT Real Estate
  • Office Phone:(509) 315-8720
  • Office Website:
Dallas Lightner
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 750,000.0
  • $/SF$ 401.1
  • $/Unit$ 750,000.0
  • Listing StatusAvailable
  • Days on Market38
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.59 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units5
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF1870
  • Net Rentable Area1870
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF5000
  • Acres0.11
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building ClassC
Location
  • CountySpokane
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaCBD & Periphery
  • Tax ID #25241.1710
  • Additional Parcels
  • ZoningRHD
Construction
  • Year Built1903
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

1824 West 2nd Avenue

Public Comments

Excellent investment opportunity in Spokane’s highly desirable Browne’s Addition neighborhood. This two-story multifamily propertycomprises five 1 bed, 1 bath units, each offering strong rental appeal in one of the city’s most established and walkable areas. Each unitblends historic character with functional layouts, including original hardwood floors, abundant natural light, and decorative fireplaces inselect units. Full-size kitchens and well-maintained bathrooms with tub/shower combinations provide practical, comfortable living spaces for tenants. The property offers consistent demand due to its proximity to parks, dining, medical facilities, and downtown Spokane. Ideal for investors seeking stable cash flow in a proven rental submarket.

Listing Images